The exchange rate of the Syrian pound against the dollar today stabilized in the majority of the Syrian regions, while the Central Bank of Syria has proven the official exchange rate of the American currency.
The exchange rate of the Syrian pound against the dollar in the parallel market:
- The exchange rate of the Syrian pound against the dollar in Damascus, Aleppo and Idlib stabilized at 10 thousand and 100 pounds upon purchase and 10 thousand and 250 pounds upon sale, which are the same levels recorded yesterday evening.
- The exchange rate of the Syrian pound against the dollar in Hasaka slightly decreased to 10 thousand and 300 pounds when purchasing from 10 thousand and 250 pounds registered yesterday evening, while he settled upon purchase at 10 thousand and 450 pounds.
The exchange rate of the Syrian lira in official transactions
The exchange rate of the Syrian pound recorded stability against the dollar in official transactions at 13 thousand and 200 pounds when purchasing, 13 thousand and 332 pounds upon sale, according to the Syrian Bank Central Bank bulletin.
https://www.youtube.com/watch?v=lyvogvzncee
Factors influencing the exchange rate of the Syrian lira
- The European Union has suspended a package of sanctions imposed on Syria, some of which are related to energy, banks, transportation and reconstruction.
- The Office for the Implementation of Financial Sanctions (OFSI) issued a license to facilitate humanitarian activities in Syria, and to secure the access of aid to the most destructive segments despite the economic sanctions imposed on the country.
- The United States temporarily lifted its sanctions on Syria, which opened the way for dealings with government institutions and energy transactions, and allowed the transfer of personal funds to the country, including through the Central Bank of Syria.
- Syria has received 300 billion pounds recently coming from Russia via Damascus International Airport as part of a location between the former regime and Russia to print the currency.
- The number of employees in the country decreased after the demobilization of a large number of fictitious employees.
- The previous regime’s army and its police dissolved. In previous years, the largest exchange went to the branches of security and the army, and it is the one who obtained the major share of the money that moves the markets.
- The decrease in the supply of the lira against the requirements of the markets, which strengthened the increase in commercial activity.
